"Bitcoin action is showing risk on it back"
No, it's showing a large group of people just lost trust me your backing ponzi.
Discussion
I'm sure there's a few people who just realized what Bitcoin is for.
It seems unlikely to me that this is anything but a Federal Reserve bet. They've gotta go slower than before or stop.
These new facilities aren't available until the bank is failing, I believe, and they don't want bank after bank after bank to fall into this hole.